British authorities are ready to negotiate the Icesave contract, a spokesperson for the British government stated on RÚV.
They have requested a response from Iceland‘s Minister of Foreign Affairs Össur Skarphéðinsson, who recently said that formal negotiations on Icesave would be difficult. In an interview on Channel 2, Össur stated that Dutch and British authorities believe that Iceland shows a reluctance to pay its debts, and this is not the case.
The spokesperson said that they have don‘t have any doubt Iceland will meet its obligations as stipulated by the European Economic Agreement and negotiating the Icesave deal, which British authorities are ready to finalise. Össur said that Iceland will of course enter these negotiations, but it will be difficult as the Icelandic economy is not ready to repay these debts as it stands.
Furthermore, the spokesperson said that the British government supports Iceland‘s application to join the European Union and the European Council are ready to begin the membership process.